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Birmingham Post
Birmingham Post
Business
Graeme Whitfield

Greggs reports big rise in sales despite "challenging" economic backdrop

Greggs has reported a big rise in sales at the start of this year and said its value food was proving popular during the “challenging” economic times.

The Newcastle-based food chain has released a trading update for the first 19 weeks of 2023 in which like-for-like sales rose 17.1% to £609m, though that rise was in part due to the Covid Omicron variant hitting revenues last year. Sales growth in recent weeks had 'normalised' to around 15%.

Greggs said it had opened 63 new shops during the period and was being boosted by sales of chicken goujons, pizza and plant-based food such as its vegan Mexican chicken-free bake. The company now has 2,365 shops around the UK including new openings at Canary Wharf in London, and at Glasgow and Cardiff airports. It now has four Greggs tasty cafe's within Primark stores and is looking to add two more in Leeds and Liverpool, as well as looking to have more outlets in Tesco and Asda supermarkets.

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